| 18 August 2004 | Wednesday | 01 Rajab 1425 |
|
State Bank scraps all bids at PIB auction
KARACHI, Aug 17: The State Bank on Tuesday scrapped all bids for long-term government bonds as the government was not interested in borrowing money through these bonds at high rates. ... 
|
|
Pakistan, China sign MoU for PS expansion
BEIJING, Aug 17: China has agreed to cooperate for the expansion of Pakistan Steel to increase its production capacity beyond three million tons per annum within next three years from the present 1.1 million tons. ...
|
|
||
|
Remittances up 10pc to $330 million in July
KARACHI, Aug 17: Pakistani workers abroad sent back home about $330 million in July this year, up 10 per cent from $300 million in July last year. Data released by the State Bank on Tuesday show that Pakistan received $329.9 million net workers remittances in July 2004 up from $300.17 million in July 2003. ...
|
|
20pc of IPO reserved for non-resident Pakistanis: Strategic Allocation Fund launching
KARACHI, Aug 17: Chairman of the Arif Habib Financial Services Group (and the sitting chairman of the Karachi Stock Exchange) Arif Habib said that he had noticed great interest of non-residents ...
|
|
|
||
|
Drawback rates lowered
ISLAMABAD, Aug 17: The Central Board of Revenue (CBR) has revised downward the rates of duty drawback on export of various kinds of foot wears. The new rates will be effective from August 17, 2004, said a customs notification issued on Tuesday. ...
|
|
Customs reforms to be enforced in Dec
KARACHI, Aug 17: Central Board of Revenue Chairman Muhammad Abdullah Yusuf has said that Customs Administrative Reforms (CARe) will be enforced in December this year under which 80 to 90 per cent of imports will be cleared before the arrival of a ship. ...
|
|
|
||
|
Pasha for promoting private sector
KARACHI, Aug 17: Assistant Secretary-General United Nations Development Programme Dr Hafiz Pasha has said that Pakistan's image abroad was not good and it needed to be changed through a full-fledged democracy in the country. ...
|
|
WB team visits PICIC
KARACHI, Aug 17: A study mission of the World Bank on Tuesday held meeting with the managing director of Pakistan Industrial Credit and Investment Corporation (PICIC) and discussed accounting and auditing standards. ...
|
|
|
||
|
Oil prices rise on supply fears
LONDON, Aug 17: World oil prices resumed their upward march on Tuesday on market concerns over a large drop in exports from Iraq and the ongoing financial crisis at Russian oil giant Yukos, analysts said. ...
|
|
S. Arabia favours oil price at $25-30
RIYADH, Aug 17: Saudi Arabia wants to see crude prices between $25 and $30 a barrel, Saudi Crown Prince Abdullah reiterated in comments published in the Kuwaiti daily Al-Siyasa. ...
|
|
|
||
|
Active buying on cotton market
KARACHI, Aug 17: Active trading was witnessed on the cotton market on Tuesday as spinners were not inclined to take even a technical breather and lifted all the new crop lots offered for sale by the ginners. ...
|
|
Rumours of CVT waiver help index recover 48 points
KARACHI, Aug 17: Stocks on Tuesday staged a snap recovery as investors flooded the market and covered positions at the lower levels aided by rumours that the government may withdraw the Capital Value Tax levied in the federal budget. ...
|
|
|
||
